Trump Bull in the China Shop. The force of a bull has become necessary put tariffs on China to save U.S. economy and jobs by bringing back manufacturing.
Dictionaries define “a bull in a China shop” pejoratively as a clumsy person causing damaging results. However, the 2016 election brought another angle to bear, namely that the amazing destructive force of a bull had become necessary to upend the established modus operandi of the powers that be in DC.
Jobs/unemployment numbers better than projected. New jobless claims fall to lowest level since mid-March.
The number of new applications for unemployment benefits dipped to 881,000 last week, the Labor Department reported Thursday in an encouraging sign for the economy.
Forecasters had projected 950,000 new jobless claims.
Instead, claims fell to the lowest level since mid-March, before the pandemic induced mass layoffs.
Demand for US goods soar despite pandemic. Factory Orders Jump 6.4% in July, Durable Goods Soar 11.4%
The resurgence of American manufacturing from the depths of the pandemic continued in July.
U.S. factory orders rose 6.4 percent last month, the third consecutive increase, the Census Bureau reported Wednesday. Orders were up 6.4 percent in June. Economists had forecast a 6.0 percent gain, a slowdown from the month before.
Orders for durable goods, those expected to last three years or longer, rose 11.4 percent. That’s an increase from the 11.2 percent rise initially reported and brings manufacturing in-line with its pre-pandemic level of activity.
US firms moving out of China. US Firms Move Supply Chains Out of China, Explore Options Closer to Home, with Latin and South America gaining significant traction in recent months, according to a survey by Qima.
U.S. brands have started to explore sourcing options closer to home, with Latin and South America gaining significant traction in recent months, according to a survey by Qima, a Hong Kong-based supply chain inspection company.